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← Future Dharma Fund

2023-12-31-accounts

1

Future Dharma Fund

A Charitable Incorporated Organisa9on whose only vo9ng members are its charity trustees

Trustees’ annual report for the period 1[st] January 2023 to 31[st] December 2023

Charity name: Future Dharma Fund Charity number: 1167344

Future Dharma Fund. Charity number: 1167344

2

Future Dharma Fund

Financial Statements

For the Year Ended 31[st] December 2023

Contents: Page:
Legal and Administra>ve Informa>on 3
Trustees Report 4 - 8
Statement of Financial Ac>vi>es 9
Balance Sheet 10
Notes forming part of the fnancial statements 11

Future Dharma Fund. Charity number: 1167344

3

Legal and Administra9ve Informa9on:

Charity Name: Future Dharma Fund Charity Registra>on Number: 1167344

Registered Office and Opera>onal Address: Adhisthana Coddington Court, Coddington Ledbury, Herefordshire HR8 1JL

Trustees in the year ending 31[st] December 2023:

Dr. Paramabandhu Groves (a.k.a. Paramabandhu), represen>ng the Triratna Preceptor’s College Ms. Mary Healy (a.k.a Subhadrama>), represen>ng the Triratna Preceptor’s College Mr. Eliot Francis Franks (a.k.a. Arthavadin), represen>ng the Triratna Interna>onal Council Ms. Elisabeth Petronella Maria Witschge (a.k.a. Gunabhadri), represen>ng the Triratna European Chair’s Assembly

Mr. Ksan>kara Alexander Green (a.k.a. Ksan>kara), represen>ng the Triratna Trust (Interna>onal Order Office)

Mr Benjamin Brewer (a.k.a Jnanadhara) represen>ng the European Chairs Assembly Mr Simon Harry Oliver Moss (a.k.a. Vajrapriya) represen>ng the Triratna Trust (Interna>onal Order Office)

Appointments in 2023

Mr Simon Harry Oliver Moss (a.k.a. Vajrapriya) represen>ng the Triratna Trust (Interna>onal Order Office) was appointed on 10/10/2023

Resigna9ons in 2023

Ms. Jvalamalini Bloom (a.k.a. Jvalamalini), represen>ng the Triratna Trust (Interna>onal Order Office) resigned on 26/06/2023

Secretary:

Mr Xxx Nandavajra

Bankers:

Coopera>ve Bank, Head Office, PO Box 101, 1 Balloon Street, Manchester, M60 4EP.

Future Dharma Fund. Charity number: 1167344

4

FutureDharma Fund Trustees Report for the year ended 31[st] December 2023

The trustees present their report and financial statements for the year ended 31st December 2023.

Objec9ves and Ac9vi9es

The Object of the CIO is, for the public benefit, the advancement of the Buddhist religion, in par>cular by:

  1. encouraging members and others to live in accordance with the teachings of Buddha;

  2. suppor>ng ordained members of the Triratna Buddhist community and other duly ordained Buddhists, at the discre>on of the charity trustees of the CIO;

  3. maintaining close communica>on with and working under the guidance of the Triratna Buddhist Order and in coopera>on with other groups with the same or similar objects; and

  4. using applica>ons of the Buddha’s teaching to promote the health and well-being of all.

Ac9vi9es for Achieving Objec9ves

During the year this work was furthered through the following ac>vi>es:

Grant making Policies

Future Dharma Fund. Charity number: 1167344

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The income of FutureDharma Fund is made up of dona>ons from individuals within the Triratna Buddhist Community. Applica>ons for grants are invited from projects and organisa>ons within the Triratna Buddhist Community whose aims and objec>ves are similar to those of the FutureDharma Fund and whose ac>vi>es and ini>a>ves will serve the strategy and priori>es set by the FutureDharma Trustees every 3 to 5 years. Applica>ons are assessed by a grants board, appointed by the trustees. Grants and annual budgets are discussed and reviewed at mee>ngs of the trustees. A report from the projects receiving grants are considered at a subsequent trustee mee>ng, especially if poten>al ongoing funding is to be considered.

Achievement and performance

Review of Ac9vi9es

As stated the charity's income comes mainly from dona>ons from individuals within the Triratna Buddhist Community. Effort has been made to maximise this income, including giving donors and prospec>ve donors good informa>on about the work of the fund and broadening the fundraising base with a mix of one-off major dona>ons, regular standing order dona>ons and legacies.

The budget for expenditure for the year is based on dona>ons received and pledges made in rela>on to fundraising campaigns. The budget set allows for the non-payment of a percentage of the pledges. There is a reserves policy (see below) to cover the possibility of unforeseen expenditures, a number of donors not mee>ng a pledge or a fundraising campaign not reaching its target.

The Future Dharma Fund provides funding to a network of Triratna Buddhist Centres, Buddhist groups and other projects in the UK and beyond who work with the general public, promo>ng health and well-being through courses and events in medita>on, mindfulness and Buddhism. The Charity also makes grants to projects that provide religious educa>onal resources and online informa>on on medita>on and Buddhism as well as publica>ons on medita>on and Buddhism.

Partnership with India Dhamma Trust

At the end of 2019, we entered into a partnership with India Dharma Trust (IDT), which is a sister charity, taking on their grant making commitments in return for dona>on receipts. Laura Hamilton (Vajratara), the chair of IDT, alends our trustee mee>ngs, though she does not have vo>ng rights.

In 2023, balance brought forwards was £38,565, and we received a total of £101,946 from the IDT partnership. Of this amount, £87,499 was granted to projects, £25,487 was allocated to administra>ng the partnership and £27,525 is carried over as funds restricted to Indian projects.

Financial Review

During the year, Future Dharma Fund received a total income of £404,774 and had total costs of £472,649 resul>ng in a nega>ve cashflow of £65,081. In 2022, we generated a deficit of £79,431. This was partly due to fundraising income being lower than expected and not having claimed gie aid for the financial year (es>mated at £30,000) due to a change in database systems. Cost of living increases have affected our ability to fundraise, and meant that the opera>onal costs were higher. While we did not reduce headcount in 2023 to manage costs, we will con>nue to monitor the situa>on closely and may do so in the future.

Future Dharma Fund. Charity number: 1167344

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In terms of expenditure, our grants programme decreased from £291,618 in 2022 to £251,074 in 2023. This does not include programmes team costs, or any other non financial programmes support.

Going Concern

Aeer making appropriate enquiries, the trustees have a reasonable expecta>on that the charity has adequate resources to con>nue in opera>onal existence for the foreseeable future. For this reason, they con>nue to adopt the going concern basis in preparing the financial statements. Further details regarding the adop>on of the going concern basis can be found in the Accoun>ng Policies.

Investment Policy

The Future Dharma Fund is a fundraising and grant awarding body and therefore has no plans for significant long-term investment. Aside from retaining a prudent amount in reserves each year, the majority of the charity’s funds are spent in providing annual grants. However, the charity does, at >mes, hold reserves in savings accounts.

Reserves Policy

The trustees have examined the charity’s requirements for reserves in the light of the major risks to the organisa>on. Currently the charity’s policy is that uncommiled unrestricted funds should meet or exceed 3 months of the charity’s annual expenditure, including known grant liabili>es (except for grants to chari>es that themselves hold reserves). This reserve provides leeway and response >me should one or more supporters not meet a major financial pledge or if significant unforeseen expenditure arises. This reserves policy will be regularly reviewed depending on circumstances and amended as required.

Structure, Governance and Management

Governing Document

The organiza>on is a Charitable Incorporated Organisa>on, whose only vo>ng members are its charity trustees and was registered as a charity on 25[th] May 2016. The company was established under a cons>tu>on which established the objects and powers of the charity and is governed under the ar>cles of its cons>tu>on.

Organisa9onal structure and appointment of trustees

Future Dharma Fund has a trustee body of up to 7 members who meet between 3 and 6 >mes a year and are responsible for the strategic direc>on and policy of the charity. The members of the CIO are its trustees and the only people eligible to be members of the CIO are the trustees. Trustees represent and are appointed by ‘sister’ chari>es within the Triratna Buddhist Community who share the same aims and objec>ves as the Future Dharma Fund. Currently these are the Triratna Trust, the Triratna Preceptors College Trust, The Triratna European Chairs Assembly and the Triratna Interna>onal Council.

The trustees are elected and appointed by these partner bodies, not the exis>ng FutureDharma Trustees board. The trustees serve for up to a three-year period, when they are required to stand down. They can be reappointed for further periods, if re-elected by their appoin>ng charity. The Trustees are required to report back to their appoin>ng charity on a regular basis and to represent the strategy and priori>es of the charity that they are represen>ng.

Future Dharma Fund. Charity number: 1167344

7

Drawing the trustees from the sister chari>es helps to ensure that trustees will have the necessary skills and perspec>ve to guide and oversee Future Dharma Fund. All the trustees already have many years of involvement in the Triratna Buddhist Community and a number of years’ experience of trusteeship of Buddhist chari>es.

Trustee Induc9on and Training

As indicated above, as members of exis>ng chari>es the trustees will have a background in the governance of other Buddhist chari>es. In addi>on, resources are made available to them such as a Trustees Handbook and further guidance from the Charity Commission.

Responsibility of the Trustees

Charity law requires the trustees to prepare financial statements each year which give a true and fair view of the state of affairs of the charity at the balance sheet date, and of both incoming resources, and applica>on of resources for the financial year. In preparing those financial statements, the trustees should follow best prac>ce and:

The trustees are responsible for maintaining proper accoun>ng records which disclose with reasonable accuracy at any >me the financial posi>on of the charity. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preven>on and detec>on of fraud and other irregulari>es.

Members of the Trustee Body

The trustees, who served during the year and up to the date of this report, are set out on page 3.

FutureDharma Team

Over the course of the year the charity employed a team equivalent of 8.3 full >me posts (FTE), including team members who are self-employed. As many roles are part->me and there were a number of headcount changes, in total the charity employed 15 individuals during the course of the year. Collec>vely known as the Future Dharma Team, these people work under the Team Director to implement the aims, objec>ves, strategy and priori>es of the charity and, in par>cular, to conduct fundraising and manage the grant applica>on process. All team members, including the Team Director, are responsible to the trustees.

Risk Management

The Future Dharma team and trustees conduct an annual review of the major risks to which the charity is exposed. A risk register has been established and is updated annually. Where appropriate, systems or procedures will be established to mi>gate any likely and significant risks the charity faces. The possibility of fundraising not achieving its targets has led to a policy on reserves and the diversifica>on of fundraising will be further explored and developed. Internal control risks have been

Future Dharma Fund. Charity number: 1167344

8

minimised by the implementa>on of procedures for authoriza>on of financial transac>ons for amounts over defined thresholds, as defined by an expenditure authority limits policy.

Plans for future periods

Future Developments

The Charity will con>nue with the work and ac>vi>es that fulfil its objec>ves and principle ac>vi>es namely, (i) encouraging members and others to live in accordance with the teachings of Buddha, (ii) suppor>ng ordained members of the Triratna Buddhist community and other duly ordained Buddhists, at the discre>on of the charity trustees of the CIO, (iii) maintaining close communica>on with and working under the guidance of the Triratna Buddhist order and in coopera>on with other groups with the same or similar objects, and (iii) using applica>ons of the Buddha’s teaching to promote the health and well-being of all.

Subject to fundraising success grants will be awarded to a range of projects throughout the Triratna Buddhist Community Interna>onal who share the same aims and objec>ves as the Future Dharma Fund and whose purpose and ac>vi>es serve the strategy and priori>es of the charity.

Declara9ons

The trustees declare that they have approved the trustees’ report above

Signed on behalf of the charity’s trustees

Signature Full name(s) Paramabandhu Groves Posi>on Chair Date 20/08/2024

Future Dharma Fund. Charity number: 1167344

Future dDharma Fund Future dDharma Fund Future dDharma Fund 1167344
Annual accounts for theperiod
Period start date 01/01/2023 To 31/12/2023

Section A Statement of financial activities

Recommended categories by
activity
Incoming resources (Note 3)
Income and endowments from:
Donations and legacies
Charitable activities
Other
Resources expended (Note 6)
Expenditure on:
Raising funds
Charitable activities
Other
Net gains/(losses) on investments
Reconciliation of funds:
Total
Net movement in funds
Total funds brought forward
Total funds carried forward
Total
Net income/(expenditure) before investment
gains/(losses)
Net income/(expenditure)
Transfers between funds		 Unrestricted
funds
Restricted
income
funds
Total funds
Prior year
funds
£
£
£
£
F01
F02
F04
F05		 Unrestricted
funds
Restricted
income
funds
Total funds
Prior year
funds
£
£
£
£
F01
F02
F04
F05		 Unrestricted
funds
Restricted
income
funds
Total funds
Prior year
funds
£
£
£
£
F01
F02
F04
F05		 Unrestricted
funds
Restricted
income
funds
Total funds
Prior year
funds
£
£
£
£
F01
F02
F04
F05
180,450 140,592 321,042 431,659
- 8,483 8,483 3,454
75,250 - 75,250 -
255,700 149,075 404,774 435,113
99,547 - 99,547 71,579
243,868 114,661 358,528 427,176
14,574 - 14,574 15,790
357,989 114,661 472,649 514,545
102,289
-		 34,414 67,875
-		 79,431
-
2,794 - 2,794 -
99,495
-		 34,414 65,081
-		 79,431
-
31,336 31,336
-		 - -
68,159
-		 3,078 65,081
-		 79,431
-
200,448 42,268 242,717 322,148
132,289 45,346 177,636 242,717

Section B Balance sheet

Fixed assets
Tangible assets (Note 14)
Total fixed assets
Current assets
Debtors (Note 19)
Cash at bank and in hand (Note 24)
Total current assets
Creditors: amounts falling due within
one year (Note 20)
Net current assets/(liabilities)
Total assets less current liabilities
Total net assets or liabilities
Funds of the Charity
Restricted income funds (Note 27)
Unrestricted funds
Total funds
Signed by one or two trustees on behalf of all
the trustees		 Total this year
Total last year
£
£
F04
F05		 Total this year
Total last year
£
£
F04
F05
1,022 2,233
1,022 2,233
34,105 490
166,855 244,568
200,960 245,058
24,346 4,574
176,615 240,484
177,636 242,717
177,636 242,717
45,346 200,448
132,289 42,268
177,636 242,717
Date of approval
dd/mm/yyyy

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2

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

The charity constitutes a public benefit entity as defined by  FRS 102.*

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support Not applicable the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the Not applicable going concern assumption doubtful;

Where accounts are not prepared on a going Not applicable concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes  No

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes  No

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes  No

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Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

Recognition of income
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised
as an expense at the carrying amount of the stocks at distribution.
Support costs
The charity has incurred expenditure on support costs.
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
Donated services and
facilities
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in
'Income from other trading activities' with the corresponding stock recognised in the
balance sheet. On its sale the value of stock is charged against 'Income from other
trading activities' and the proceeds from sale are also recognised as 'Income from
other trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
Tax reclaims on
donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift
and is treated as an addition to the same fund as the initial donation unless the donor or
the terms of the appeal have specified otherwise.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
Settlement of insurance
claims
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
In the case of performance related grants, income must only be recognised to the
extent that the charity has provided the specified goods or services as entitlement to the
grant only occurs when the performance related conditions are met (5.16 FRS 102
SORP).
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
Government grants
The charity has received government grants in the reporting period
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
Income from interest,
royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
Income from membership
subscriptions
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
These are included in the Statement of Financial Activities (SoFA) when:
 the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
 the monetary value can be measured with sufficient reliability.
Donated goods
Contractual income and
performance related
grants
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required
or permitted by the FRS 102 SORP or FRS 102.
Grants and donations
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.		 Yes
No
N/a		 Yes
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2.4 ASSETS
Intangible fixed assets
Heritage assets
Current asset
investments
The charity has has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit and
cash equivalents with a maturity date of less than one year held for investment purposes rather
than to meet short term cash commitments as they fall due.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
Deferred income
No material item of deferred income has been included in the accounts.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract.
The charity accounts for basic financial instruments on initial recognition as per
paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
Creditors
The charity has creditors which are measured at settlement amounts less any trade
discounts
Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
Basic financial
instruments
Stocks and work in
progress
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
They are valued at cost.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
Tangible fixed assets for
use by charity
The depreciation rates and methods used are disclosed in note 9.2.
These are capitalised if they can be used for more than one year, and cost at least
They are valued at cost.
Investments
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
2.3 EXPENDITURE AND LIABILITIES
Liability recognition
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their
usage.
Redundancy cost
The charity made no redundancy payments during the reporting period.
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
Investment gains and
losses
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
Grants payable without
performance conditions
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
Grants with performance
conditions
Governance and support
costs
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.		 Yes
No
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N/a
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No
N/a

They are valued at fair value except where they qualify as basic financial instruments.

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Note 3 Analysis of income Analysis of income Analysis of income Analysis of income Analysis of income Analysis of income Analysis of income
Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Prior year
£
£
Donations
Donations andgifts
149,300 140,592 - 289,892 410,746
Gift Aid
31,150 - - 31,150 20,913
Grants from other charities
50,000 - - 50,000 -
Income from consultancy
250 -
250
Income from funding partners
25,000
25,000
Total 255,700 140,592 - 396,292 431,659
Charitable
activities:
Third party appeals
- 8,483 - 8,483 3,454
Total - 8,483 - 8,483 3,454
255,700 149,075 - 404,774 435,113
Other information:
Investment income in 2023 totalled £2,974
TOTAL INCOME
Analysis		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Prior year
£
£
Analysis
Donations andgifts 149,300 140,592 - 289,892 410,746
Gift Aid 31,150 - - 31,150 20,913
Grants from other charities 50,000 - - 50,000 -
Income from consultancy 250 - 250
Income from funding partners 25,000 25,000
Total 255,700 140,592 - 396,292 431,659
Third party appeals - 8,483 - 8,483 3,454
- 8,483 - 8,483 3,454
255,700 149,075 - 404,774 435,113
Investment income in 2023 totalled £2,974
All income in the prior year was unrestricted except for:
(please provide description and amounts)		 ECA - Central Media Projects £10,000, India Dhamma Trust transfers
£43,791, India Restricted donations £10,918, Venezuela £1,000. Third-
party appeals: Valderrobes £2,626, Welsh Translation Grwp Bwddaeth
Gymraeg £828 Translations £660

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Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Analysis
Expenditure on raising funds:		 Unrestricted
funds
Restricted
income funds
Total funds
Unrestricted
funds
Restricted
income
funds
Total funds
£
£
This year
Last year		 Unrestricted
funds
Restricted
income funds
Total funds
Unrestricted
funds
Restricted
income
funds
Total funds
£
£
This year
Last year		 Unrestricted
funds
Restricted
income funds
Total funds
Unrestricted
funds
Restricted
income
funds
Total funds
£
£
This year
Last year		 Unrestricted
funds
Restricted
income funds
Total funds
Unrestricted
funds
Restricted
income
funds
Total funds
£
£
This year
Last year		 Unrestricted
funds
Restricted
income funds
Total funds
Unrestricted
funds
Restricted
income
funds
Total funds
£
£
This year
Last year		 Unrestricted
funds
Restricted
income funds
Total funds
Unrestricted
funds
Restricted
income
funds
Total funds
£
£
This year
Last year		 Unrestricted
funds
Restricted
income funds
Total funds
Unrestricted
funds
Restricted
income
funds
Total funds
£
£
This year
Last year
Incurred seekingdonations 98,371 - 98,371 69,586 - 69,586
Advertising,marketing,direct mail and 1,176 - 1,176 1,993 - 1,993
Total expenditure on raising funds 99,547 - 99,547 71,579 - 71,579
Expenditure on charitable activities:
Cost ofgrants made 136,413 114,661 251,074 165,754 125,864 291,618
Future Dharma Team 107,454 - 107,454 135,558 - 135,558
Total expenditure on charitable 243,868 114,661 358,528 301,312 125,864 427,176
Other
Governance 775 775 617 617
Operatingexpenses 13,799 13,799 15,173 15,173
Total other expenditure
TOTAL EXPENDITURE		 14,574 14,574 15,790 15,790
357,989 114,661 472,649 388,681 125,864 514,545

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Section C Notes to the accounts

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Other fees (for example: financial advice, consultancy, accountancy services) paid
to the independent examiner
Independent examiner’s fees		 This year
£		 Last year
£
175 175
375 375

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Section C Notes to the accounts (cont)

Note 11 Paid employees

Please complete this note if the charity has any employees.

11.1 Staff Costs

This year:
Last year:
Salaries and wages
Social security costs
Other employee benefits
Total staff costs
Pension costs (defined contribution scheme)
Please provide details of expenditure on staff working for the
charity whose contracts are with and are paid by a related party
Please provide details of expenditure on staff working for the
charity whose contracts are with and are paid by a related party		 This year
£		 Last year
£
137,408 138,994
1,373 7,460
5,635 5,560
- -
144,416 152,014
None
None

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

TRUE

Thisyear Lastyear
£ £
62,433
 63,776

Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity. For specific amounts paid to trustees, see Note 28.

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11.2 Average head count in the year

The parts of the charity in which the employees work

This year
Number		 Last year
Number
Fundraising 3.6 2.5
Charitable Activities 4.7 5.4
Governance - -
Other - -
Total 8.3 7.9

11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

Please explain the nature of the payment

Laptop leaving gift to Amalavajra, Fundraising This year lead Cash leaving gift to Amalavajra, Fundraising Last year lead

Please state the amount of the payment (or value of any waiver of
a right to an asset)		 Thisyear Lastyear
£ £
751 2,304

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Section C Notes to the accounts (cont)

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

12.1 Please complete this note if a defined contribution pension scheme is operated.

Please explain the basis for allocating the liability and expense of
defined contribution pension scheme between activities and
between restricted and unrestricted funds.
Amount of contributions recognised in the SOFA as an expense		 Thisyear Lastyear
£ £
5,635 5,560
unrestricted unrestricted

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Section C Notes to the accounts (cont)

Note 13 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

This year:

13.1 Analysis of grants paid (included in cost of charitable activities)

Analysis institutions Grants to individuals Support costs Total
£ £
Major Projects 213,771 15,852 - 229,622
Smallgrants 12,582 8,870 - 21,452
Total 226,353 24,722 - 251,075

13.2 Grants made to institutions

Major Projects Major Projects Major Projects Major Projects
Names of institution Purpose Total amount of
grantspaid £
The Buddhist Centre Online(Dharmachakra) Ongoingfundingof charityneeds 71,700
TBMSG Nagpur - India Communications Project Supporting an online Triratna resource for
Hindi speakers		 2,990
Triratna Institute - Indian ordinations team
(Sadarshanabhoomiproject)		 Supporting ordination teams in India 83,219
Triratna Trust(Order Office) FundingInternational Communications Officer 5,570
Triratna Chairs Assembly - International Movement Co-
ordinator		 Supporting activities of a co-ordinator
internationally		 14,125
Urgyen Sangharakshita Trust Continuation of Sangharakshita Complete
Works project		 11,500
Preceptors college - Sikkhaproject supportingdevelopment of teachingresources 10,762
Windhorse Publications Ongoingfundingof charityneeds 7,000
Sudarshanaloka Installingheatingat retreat centre 12,342
Returnedgrants - 5,437
Total Major grants to institutions in reporting period 213,771
Names of institution Purpose Total amount of
grants paid £
Centro Mandala Valderrobres Developing Buddhist activities 6,603
Vancouver Buddhist Centre Supporting dharma activities in Vancouver 3,000
Adhisthana Changemakers - supporting activities to
develop future Triratna leaders		 1,326
Triratna South Wales - Welsh
Translation Group		 Translating Dharma texts into Welsh 1,653
Total Small grants to institutions in reporting period 12,582
TOTAL GRANTS PAID TO INSTITUTIONS
Total grants to institutions in reporting period
Other unanalysed grants		 226,353
-
226,353
Last year:
13.3 Analysis of grants paid (included in cost of charitable activities)
£ £
Central Projects - - - -

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Smallgrants 15,749 3,800 - 19,549
Third Partyappealgrants - - - -
My charity has made grants to particular institutions that are material in the
context of its grantmaking. Details of the institution supported, purpose of the
grant and totalpaid to each institution is available on the charity's web site.		 Yes Please provide
No
Provide details
below
Names of institution Purpose Total amount of
grants paid £
The Buddhist Centre Online Ongoing funding of charity needs 80,000
TBMSG Nagpur - India Communications Project Supporting an online Triratna resource for
Hindi speakers		 3,707
TBMSG Nagpur - Indian movement Coordinator Supporting activities of a co-ordinator in India 9,063
Triratna Institute - Indian ordinations team
(Sadarshanabhoomi project)		 Supporting ordination teams in India 97,578
Merida buddhist Centre - Venezuela Developing sangha in Merida 7,700
Image archive project Supporting development of Triratna image
archive		 14,033
Preceptors college - International Council Ongoing funding of charity needs 33,896
Triratna Chairs Assembly - International Movement Co-

 Supporting activities of a co-ordinator


 3,531
~~di~~
~~t~~
Preceptors college - Sikkha project		 ~~i t~~
~~ti~~
~~ll~~
supporting development of teaching resources		 - 10,568
Windhorse Publications Ongoing funding of charity needs 21,500
Triratna Brixton Creation of app for Life with Full Attention 3,000
Buddhafield Supporting Buddhafield activities 3,000
Cuernavaca Supporting dharma activities in Mexico 1,001
Oslo online retreat centre Supporting dharma activities in Oslo 1,987
Scarborough Buddhist Group Developing sangha in Scarbourough 2,930
Triratna Toluca Supporting dharma activities in Mexico 2,581
Preceptors college - International Bursaryfund to attend Dharma life course in 1,250
TOTAL GRANTS PAID
Other unanalysed grants
Total grants to institutions in reporting period		 276,189
-
276,189

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Section C Notes to the accounts

Note 14 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets 14.1 Cost or valuation

At the beginning of the year
Additions
Revaluations
Transfers
At end of the year
Basis*
Rate
At beginning of the year
Disposals
Depreciation
Impairment
At end of the year
Net book value at the beginning of the year
Net book value at the end of the year
14.3 Net book value
14.2 Depreciation and impairments		 Computers
£		 Total
£
2,905 2,905
- -
- -
- -
2,905 2,905
Straight Line Straight Line
0.25 0.25
671 671
751 751
461 461
- -
1,883 1,883
2,234 2,234
1,022 1,022

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Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

19.1 Analysis of debtors
Accrued Gift Aid
Prepayments and accrued income
Total		 This year
£		 Last year
£
25,000.0
9,105 490.0
34,105 490.0

Note 20 Creditors and accruals

20.1 Analysis of creditors


Accrued expenses
Other liabilities
Payroll liabilities
Total		 Amounts falling due Amounts falling due
This year
£		 Last year
£
2,643
20,000
1,703 4,415
~~24,346~~ ~~4,415~~

Note 24 Cash at bank and in hand

Cash at bank and on hand
Total		 This year
£		 Last year
£
166,855 244,568
~~166,855~~ ~~244,568~~

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Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

funds
Fund names Type PE, EE
**R or UR ***
Purpose and Restrictions		 Fund
balances
brought
forward
£		 Income
£		 Expenditure
£		 Transfers
£		 Gains and
losses
£		 Fund
balances
carried
forward
£
General funds UR Unrestricted funds 200,449 258,494 - 357,989 31,336 132,289
European Chairs Assembly R Mediaprojects(Buddhist Centre Online) - 10,000 - 10,000 -
India Dhamma Trust - Legacy &
transfers		 R Legacy & supporting ordination teams in
India		 38,565 101,946 - 87,499 - 25,487 27,525
India (inc. for India Dhamma
Trust)		 R SupportingDharma activities in India 23,396 - 5,849 17,547
Sudarshanaloka R installingheatingat retreat centre 7,578 - 7,573 4
International leadershipcourse R Burseries from Adhisthana for those from
low income countries to attend the 4 week
international course at Adhisthana		 250 250
Puebla R DevelopingBuddhist activities - 450 - 450 -
Translations R Translations of dharma texts - 4,299 - 4,299 -
Thirdpartyappeal: Valderobes R DevelopingBuddhist activities 2,626 885 - 3,511 -
Third party appeal: Welsh
translation		 R Translation of dharma texts into Welsh 828 20 - 828 20
Small Grants Fund R TODO 500 - 500 -
Other funds N/a N/a - - - - - -
Total Funds 242,717 407,568 - 472,649 - - 177,636

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Section C Notes to the accounts (cont)

Note 27 Charity funds (cont.)

27.2 Details of material funds held and movements during the PREVIOUS reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

funds
Fund names Type PE, EE
**R or UR ***
Purpose and Restrictions		 Fund
balances
brought
forward
£		 Income
£		 Expenditure
£		 Transfers
£		 Gains and
losses
£		 Fund
balances
carried
forward
£
General funds UR Unrestricted funds 210,132 365,330 - 388,681 13,667 - 200,449
European Chairs Assembly R Mediaprojects(Buddhist Centre Online) - 10,000.00 - 10,000 - - -
India Dhamma Trust - Legacy &
transfers		 R Legacy & supporting ordination teams in
India		 109,858 43,791.00 - 104,136 - 10,948 - 38,565
India (inc. for India Dhamma
Trust)		 R SupportingDharma activities in India 659 10,878.37 - 8,817 - 2,720 - - 0
International leadershipcourse R low income countries to attend the 4 week
international course at Adhisthana		 1,500 - 1,250 - - 250
Merida Buddhist Centre -
Venezuala		 R DevelopingBuddhist activities - 1,000.00 - 1,000 - -
Translations R Translations of dharma texts - 660.00 - 660 - -
Thirdpartyappeal: Valderobes R DevelopingBuddhist activities 2,626.16 2,626
Third party appeal: Welsh
translation		 R Translation of dharma texts into Welsh 828.00 828
Other funds N/a N/a - - - - - -
Total Funds 322,148 435,113 - 514,545 - - 242,717

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Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.3 Transfers between funds

This year

Thisyear
Reason for transfer and where endowment is converted to
income, legalpower for its conversion		 Amount
From restricted to
unrestricted funds		 Transfer of 25% fundraising & supporter care costs from donations to
India Dhamma Trust & other donations for activities in India.		 £ 31,336

Last year

Lastyear
Reason for transfer and where endowment is converted to
income, legal power for its conversion		 Amount
Between unrestricted and
restricted funds		 Transfer of 25% fundraising & supporter care costs from donations to
India Dhamma Trust & other donations for activities in India		 £ 13,667

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Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

28.1 Trustee remuneration and benefits

This year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their TRUE charity or a related entity (True or False) Last year TRUE None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False) FALSE
Type of expenses reimbursed This year Last year
£ £
Travel 225 117
TOTAL 225 117
Please provide the number of trustees reimbursed for expenses or who had expenses paid
by the charity
3 1

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

This year

There have been no related party transactions in the reporting period (True or False) There have been no related party transactions in the reporting period (True or False) There have been no related party transactions in the reporting period (True or False) There have been no related party transactions in the reporting period (True or False) There have been no related party transactions in the reporting period (True or False) There have been no related party transactions in the reporting period (True or False) FALSE FALSE
Name of the trustee or
related party		 Relationship
to charity		 Description of the transaction(s) Amount Balance at
period end		 Provision for bad debts
at period end		 Amounts
written off
during
reporting
period
£ £ £ £
Arthavadin (Eliot Franks) Future
Dharma
Trustee		 Arthavadin is the International
Council Convenor. A grant was
paid to the Preceptors College to
support this role and an assistant.		 £ 8,527
Jnanadhara (Benjamin
Brewer)		 Future
Dharma
Trustee		 Jnanashara is the International
Movement Coordinator. A grant
was paid to the Triratna Chairs'
Assemblyto support this role.		 £ 14,125

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Last year

Last year Last year Last year Last year Last year Last year
There have been no related party transactions in the reporting period (True or False) FALSE
Name of the trustee or
related party		 Relationship
to charity		 Description of the transaction(s) Amount Balance at
period end		 Provision for bad debts
at period end		 Amounts
written off
during
reporting
period
£ £ £ £
Arthavadin (Eliot Franks) Future
Dharma
Trustee		 Arthavadin is the International
Council Convenor. A grant was
paid to the Preceptors College to
support this role and an assistant.		 £ 33,896 0

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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of Future Dharma Fund On accounts for the year ended 3111212023 Charity no (If any) 1167344 I report to the trustees on my examination of the accounts of the above charity (Ihe Trust.) for the year ended 3111212023. Responsibilities and As the charity trustees. you are responsible for the preparation of the basis of report accounts in accordan￿ with the Charities Act 2011 (Yhe Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in Garying out my examination, I have followed all the applicable Directions given by the Chartty Commission under section 145(5}{b) of the Act. Independent I have completed my examination. I confimi that no material matters have examinerfs statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect,: the accounting records W￿re not kept in accordan￿ with section 130 of the Act,. or the accounts dtd not accord with the accounting records., or the accounts did not comply with the applicable requirements can￿MIng the fom and content of accounts set OLrt in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no conoms and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: 0510812024 Name: Fay Pritchard MAAT Relevant professional qualification(sl or body (if any): Address". 8 Darwin Street Shrewsbury SY3 8QE